Auto­rickshaw Aggregator, Jugnoo Raises $10mn Series B Funding Led By Paytm

Company Name : Jugnoo
Funding Amount : $10mn
Investor(s) Paytm
Funding Round : Series B

Jugnoo, an auto­rickshaw aggregator has closed its Series B funding round, which has been led by Paytm and saw participation from people like Kunal Shah(Freecharge) and Ankur Meattle(GIC) at a premoney valuation of $50mn.

Jugnoo had announced raising $5M while series A funding earlier this year which was led by Snow Leopard and saw participation from Paytm.

CEO Samar Singla says, “ We are growing exponentially since our launch and are aggressive to have our presence felt in all of India with 1 city being launched every 3 days.”

Having scaled to 15,000 daily transactions through a user base of 1 million, Jugnoo is operating in 25 cities and plans to be pan-­India by operating in a total of 40 cities by the year-end. Given the current traction, Jugnoo forecasts to achieve its transactional target of 100,000 by February next year.

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